How do you look at the potential from the mining segment?
Mining has provided an answer to the manufacturing and energy need of the society that is being driven by increasing urbanisation. Though the mining industry has witnessed interesting and sometimes paradoxical trends, the profitability still remains robust due to the favourable demand-supply dynamics.
The Indian mining industry is said to grow substantially due to its rising demand. Understanding the rapid development of metals and mining sector is essential for Indian economy to fuel its growth in future, the government and the mining industry should work together to tap its true potential.
Tell us about the range offered by Hyundai.
Hyundai's portfolio consists of excavators ranging from 8-120 tonne and wheel loaders ranging from 3-5 tonne.
What has Hyundai's performance been like in the last couple of years?
The augmented growth of Indian infrastructure, power and other related sectors, Hyundai has seen a sharp vertical growth over the years acquiring a market share of 18 per cent for the calendar year 2012 even during the turbulent times and is growing from strength to strength.
The construction equipment industry is expected to grow at a moderate rate, with identical annual numbers like 2012. The calendar year of 2013 could see total sales of excavators to 14,700-15,000 units. The first half of 2013 will see a slowdown effect; however, the second half of the year is expected to see a growth in the sales numbers.
Is there any more investment or product launch in this fiscal?
We recently launched the R210-7v value-for-money excavator during bauma Conexpo 2013. This product was specifically designed for value-conscious Indian customers. A versatile excavator for varied application from rental to hiring business, the R210-7v is equipped with mechatronics for optimised fuel consumption and productivity, lowest operating cost in 20-22T class of excavators, stable in the toughest and most rugged working terrains and powered with Kirloskar 6R1080T engine.
Besides the R210-7v, Hyundai also added 9 series excavators in 14T and 22T. These are high-end, and the most advanced excavators in Indian industry in terms of technology. Our excavators are best known as value for money and eco-friendly equipment. With our robust and advanced technology, we help conserve environment and offer an optimised output at the same time.